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Author Topic: can i mine any altcoin with any miner ?  (Read 706 times)
TheNabeel
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August 01, 2015, 07:55:04 AM
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Hya

its a noob question but can i mine any altcoin with any miner for example lets say antminer s3 can i mine peercoin dogecoin or anyother coin with antminer s3 ? or it is only made for bitcoins ?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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GriffinHeart
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August 01, 2015, 08:59:49 AM
 #2

In short, no. Altcoins uses different languages that they code in. Bitcoin uses SHA-256, litecoin uses scrypt and so does dogecoin I believe. You need to purchase a miner coded specifically for what you are planning to mine.

Hi there, I'm from South Africa.
This means I'm poor, I guess.
TheNabeel
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August 01, 2015, 09:25:16 AM
 #3

In short, no. Altcoins uses different languages that they code in. Bitcoin uses SHA-256, litecoin uses scrypt and so does dogecoin I believe. You need to purchase a miner coded specifically for what you are planning to mine.

which mean i can mine any altcoin with any scrypt miner ?
unsoindovo
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August 01, 2015, 04:34:20 PM
 #4

Hya

its a noob question but can i mine any altcoin with any miner for example lets say antminer s3 can i mine peercoin dogecoin or anyother coin with antminer s3 ? or it is only made for bitcoins ?

you need to know wich type o ALGO the coin use.
for example if you want to mine bitcoin, you need an SHA 256 asic miner.
if you want to mine doge or litecoin you need an scrypt asic miner...
and so on...

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GriffinHeart
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August 01, 2015, 05:18:41 PM
 #5

In short, no. Altcoins uses different languages that they code in. Bitcoin uses SHA-256, litecoin uses scrypt and so does dogecoin I believe. You need to purchase a miner coded specifically for what you are planning to mine.

which mean i can mine any altcoin with any scrypt miner ?

It all depends of what coin you want to mine. Each coin uses it's own specific algorithm, some have the same algorithm. You have to, in order to get profit, purchase a miner capable of the coin you want to mine's algorithm.  Cheesy

Hi there, I'm from South Africa.
This means I'm poor, I guess.
TheNabeel
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August 01, 2015, 06:11:08 PM
 #6

Hya

its a noob question but can i mine any altcoin with any miner for example lets say antminer s3 can i mine peercoin dogecoin or anyother coin with antminer s3 ? or it is only made for bitcoins ?

you need to know wich type o ALGO the coin use.
for example if you want to mine bitcoin, you need an SHA 256 asic miner.
if you want to mine doge or litecoin you need an scrypt asic miner...
and so on...



In short, no. Altcoins uses different languages that they code in. Bitcoin uses SHA-256, litecoin uses scrypt and so does dogecoin I believe. You need to purchase a miner coded specifically for what you are planning to mine.

which mean i can mine any altcoin with any scrypt miner ?

It all depends of what coin you want to mine. Each coin uses it's own specific algorithm, some have the same algorithm. You have to, in order to get profit, purchase a miner capable of the coin you want to mine's algorithm.  Cheesy


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